Los Angeles Investors Acquire Calabasas Courtyard Office Project For $21.5M

The 130,000-square-foot Calabasas Courtyard office project located at 5000 Parkway Calabasas in Calabasas has been sold for $21.5 million. The buyer, Brian Forster from Pacific Partners Commercial, Tony Principe from Westcord Commercial, and John Cataldo, along with other Los Angeles investors, acquired the property. The intention of the buyers is to enhance the buildings and suites, potentially adding value to the asset.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $21,500,000
• Address: 5000 Parkway Calabasas, Calabasas
• Market: Calabasas
• Square Footage: 129,789 SF
• Purchase Price per Square Foot: $166

The sale of the Calabasas Courtyard office project was facilitated by AWE Capital Management, with Jeff Furber representing the seller. Newmark's brokers, including Kevin Shannon, Alex Beaton, Ken White, Laura Stumm, and Michael Moll, played a vital role in the transaction, supporting both the buyers and the seller.